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Nov 27, 2012
11/12
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i know some hundreds of houses are still out of power due to the aftermath of hurricane sandy. i think the snow will make things work especially with the travel disturbances. chicago looking at 1 degrees. moving over to the european continent. still gusty conditions and unstable weather. wet also. some heavy rain could target the regions that the flooding situations not alleviated yet. across the south central and the mid mediterranean regions very unstable conditions. hail, damaging winds and also heavy rain is on tap. here is your extended forecast. >>> opposition activists in syria say government pilots have dropped a cluster bomb on a playground. they say the air strike killed ten children. residents say the children went out to play during fighting. opposition forces captured an air base on sunday near damascus. government troops responded with air attacks on towns around the base. opposition activists say one fighter jet womaned the fl bomb playground. cluster bombs scatter a number of those smaller bombs over a wide area increasing casualties. syrian officials have not s
i know some hundreds of houses are still out of power due to the aftermath of hurricane sandy. i think the snow will make things work especially with the travel disturbances. chicago looking at 1 degrees. moving over to the european continent. still gusty conditions and unstable weather. wet also. some heavy rain could target the regions that the flooding situations not alleviated yet. across the south central and the mid mediterranean regions very unstable conditions. hail, damaging winds and...
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Nov 27, 2012
11/12
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. >> the estimate they will pay of $900 million in claims stemming from hurricane sandy which hit hard on the eastern u.s. coast in late november. >> they estimate overall damage from the storm will range between $20-$25 billion. of new york mayor michael bloomberg has but the damage at $19 billion in his city alone. it slipped through the caribbean of forcing the u.s. eastern seaboard. >> coming up, thousands of factory workers in bangladesh are protesting against poor and potentially lethal working conditions. >> first, a look at some other headlines this hour. poachers in the spanish region of catalonia have been dealt a setback. this all the convergence and union alliance losing seats. the nationalist party did win a majority overall. >> the israeli defense minister is planning to retire from politics. he says he will quit his post once the new government is formed after the elections in january. many political observers are expecting him to change political parties. >> israel has taken a step towards expanding its missile defense. existing systems down. hundreds of hamas rockets d
. >> the estimate they will pay of $900 million in claims stemming from hurricane sandy which hit hard on the eastern u.s. coast in late november. >> they estimate overall damage from the storm will range between $20-$25 billion. of new york mayor michael bloomberg has but the damage at $19 billion in his city alone. it slipped through the caribbean of forcing the u.s. eastern seaboard. >> coming up, thousands of factory workers in bangladesh are protesting against poor and...
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Nov 27, 2012
11/12
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. >> susie: new damage estimates today on super storm sandy. the insurance industry will be on the hook for as much as $22 billion, according to numbers compiled by disaster-modeling firm air worldwide. the total is three billion less than the original tally, issued just after hurricane sandy made landfall in late october. >> tom: it was back to work for wall street, with the major stock indices ending mixed. the selling was stronger earlier in the day, with the s&p 500 hitting its lowest level of the session before noon eastern time. the losses were reduced in afternoon trade with the index finishing down just 0.2%. trading volume remains modest. 630 million shares on the big board. a tad over 1.6 billion on the nasdaq. the selling pressure showed up in the telecommunication sector, falling 1%. the energy and consumer staples sectors also fell. with so much focus on consumers and spending over the weekend, grocery stocks led the consumer sector lower today. super markets safeway and whole foods were down 3.2% and 3.1% respectively. kraft foods
. >> susie: new damage estimates today on super storm sandy. the insurance industry will be on the hook for as much as $22 billion, according to numbers compiled by disaster-modeling firm air worldwide. the total is three billion less than the original tally, issued just after hurricane sandy made landfall in late october. >> tom: it was back to work for wall street, with the major stock indices ending mixed. the selling was stronger earlier in the day, with the s&p 500 hitting...
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Nov 27, 2012
11/12
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he said the preliminary damage from sandy is nearly $30 million. christie says he's in it for the long haul to help jersey recover. >>> coming up on the morning news, click and shop. cyber monday rings up record sales on what's expected to be the busiest online shopping day of the year. this is the morning news. [ female announcer ] born from the naturally sweet monk fruit, something this delicious could only come from nature. now from the maker of splenda sweeteners, discover nectresse. the only 100% natural, no-calorie sweetener made from the goodness of fruit. the rich, sweet taste of sugar. nothing artificial. ♪ it's all that sweet ever needs to be. new nectresse. sweetness naturally. starts with ground beef, unions, and peppers baked in a ketchup glaze with savory gravy and mashed russet potatoes. what makes stouffer's meatloaf best of all? that moment you enjoy it at home. stouffer's. let's fix dinner. that moment you enjoy it at home. living with moderate to semeans living with pain.is it could also mean living with joint damage. help reli
he said the preliminary damage from sandy is nearly $30 million. christie says he's in it for the long haul to help jersey recover. >>> coming up on the morning news, click and shop. cyber monday rings up record sales on what's expected to be the busiest online shopping day of the year. this is the morning news. [ female announcer ] born from the naturally sweet monk fruit, something this delicious could only come from nature. now from the maker of splenda sweeteners, discover...
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Nov 27, 2012
11/12
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FOXNEWSW
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that announcement today during a visit to police and fire crews in one of the towns hit pretty hard by sandy. in the immediate aftermath of the late october storm, christie publicly thanked president obama for visiting new jersey and helping speed up the relief efforts. >>> cyber monday 2012, it's on track to become the biggest online shopping day ever. consumers expected to spend $1.5 billion, up 20% from last year with the growing popularity of smartphones and other mobile devices as shopping tools. retailers have ramped up the deals on their websites during the holiday shopping season, a time when stores can make up to 40% of their annual revenue. greta? agreeing the election may be over, but the fight against obamacare is not. teed the supreme court orderingly an appeals court to consider liberty universities' objection to the healthcare law, arguing it violates their religious freedom. does the supreme court decision breathe new life into the healthcare battle? joining us rick klein, a.b. sad studdard, and john mccormick. rick, they're chipping away at this. >> keeps coming back. this i
that announcement today during a visit to police and fire crews in one of the towns hit pretty hard by sandy. in the immediate aftermath of the late october storm, christie publicly thanked president obama for visiting new jersey and helping speed up the relief efforts. >>> cyber monday 2012, it's on track to become the biggest online shopping day ever. consumers expected to spend $1.5 billion, up 20% from last year with the growing popularity of smartphones and other mobile devices as...
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Nov 27, 2012
11/12
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FBC
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will the coast of hurricane sandy keep adding up? man, they are huge now. now the question is who will pay for the storm? federal government or local taxpayers like well, us? liz macdonald here is more with emac's bottom line. do they know the final number? good to be with you guys. they don't know the final number. governor andrew cuomo is weighing in on this debate. cost for new york state, $41 million. 19 billion in new york city alone. what is being incurred to date by the state of new jersey. when all said and done could surpass the cost of hurricane katrina which stood $110 billion. when you look at the numbers, basically the power outages in the region from hurricane sandy are about two times more power outages versus what we saw in hurricane katrina. when it comes to the number of homes destroyed, 50% more homes destroid in hurricane sandy versus hurricane katrina cat. hurricane katrina claimed for lives. 1866 people were killed by hurricane katrina. versus 185 deaths from hurricane sandy. destruction and damage governor cuomo may have it right. as
will the coast of hurricane sandy keep adding up? man, they are huge now. now the question is who will pay for the storm? federal government or local taxpayers like well, us? liz macdonald here is more with emac's bottom line. do they know the final number? good to be with you guys. they don't know the final number. governor andrew cuomo is weighing in on this debate. cost for new york state, $41 million. 19 billion in new york city alone. what is being incurred to date by the state of new...
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Nov 27, 2012
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can >> steve: after hurricane sandy hundreds of dogs and cats are homeless. live from new york city. ♪ ♪ [ clock ticking ] [ male announcer ] there's a better way... v8 v-fusion. vegetable nutrition they need, fruit taste they love. could've had a v8. or...try kids boxes! you can stay in and like something... or you can get out there and actually like something. the lexus december to remember sales event is on. this is the pursuit of perfection. share "not even close." share "you owe me..." share "just right." the share everything plan. shareable data across 10 devices with uimited talk and text. by htc for $49.99. to provida better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! starts with ground beef, unions, and peppers baked in a ketchup glaze with savory gravy and mashed russet potatoes. what makes stouffer's meatloaf best of all? that moment you enjoy it at home. stouffer's. let's fix dinne
can >> steve: after hurricane sandy hundreds of dogs and cats are homeless. live from new york city. ♪ ♪ [ clock ticking ] [ male announcer ] there's a better way... v8 v-fusion. vegetable nutrition they need, fruit taste they love. could've had a v8. or...try kids boxes! you can stay in and like something... or you can get out there and actually like something. the lexus december to remember sales event is on. this is the pursuit of perfection. share "not even close." share...
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Nov 27, 2012
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so, yes, hurricane sandy ranks near the top of all u.s. natural disasters in terms of cost, but it doesn't approach the full cost of hurricane katrina right now, jenna. jenna: some important context for us there, liz. who's going pay for the billions and billions? >> yeah, that's an important question. 75% of the reimbursement costs for things like mass transit is covered by the federal government; but now new york state and new jersey are asking the federal government to pay potentially 90% to 100%, and governor andrew cuomo of new york is saying, you know what? he does not want new york taxpayers to pay anything towards the cost of hurricane sandy. here is governor cuomo on that. >> to try to finance that through taxes would incapacitate this state. my philosophy isn't change tax increases are always the last, last, last resort. >> and here's the thing, too, in hurricane irene, new york state did pick up a lot of the costs there, but hurricane sandy had a wider impact. and so the federal government needs the step in in a bigger way. back
so, yes, hurricane sandy ranks near the top of all u.s. natural disasters in terms of cost, but it doesn't approach the full cost of hurricane katrina right now, jenna. jenna: some important context for us there, liz. who's going pay for the billions and billions? >> yeah, that's an important question. 75% of the reimbursement costs for things like mass transit is covered by the federal government; but now new york state and new jersey are asking the federal government to pay potentially...
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Nov 27, 2012
11/12
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CNBC
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he has unprecedentedly high approval rating. >> after sandy. and he says this is a job he feels leak he needs to continue. >> stanley wants him to stay. some other corporate news involving erickson. it's filed a lawsuit against samsung alleging patent infringement. ericcson says two years to trike a deal were unsuccessful. and an hp shareholder filed a lawsuit alleging the tech company's top executives misled investors about two key acquisitions that have caused billions of dollars in losses. the lawsuit alleges that hp management concealed the problems and another recent acquisition which we've talked about, electronic data, in an attempt to boost hp stock price. meantime in the "wall street journal," former employees, business partners and attorney attorneys say it's not difficult to conclude that the company autonomy's accounting was overly aggressive, they say such behavior tip filed autonomy long before hp bought it. and mike lynch says the company's culture was aggressive. >> they start off talking about how originally the ceo put up a si
he has unprecedentedly high approval rating. >> after sandy. and he says this is a job he feels leak he needs to continue. >> stanley wants him to stay. some other corporate news involving erickson. it's filed a lawsuit against samsung alleging patent infringement. ericcson says two years to trike a deal were unsuccessful. and an hp shareholder filed a lawsuit alleging the tech company's top executives misled investors about two key acquisitions that have caused billions of dollars...
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Nov 27, 2012
11/12
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CNBC
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a little bit of sandy and a little bit of fiscal cliff in this 1.2 to 2.2, those are the forecasts i have seen so far. >> do you think perhaps the consumer is not reflecting the fiscal cliff issues because the last time, we keep going up to the edge of the cliff and then things get -- things get resolved? >> it's a good question. it strikes n s me that looking at the debt ceiling debate i think consequences were equally stark but more easily understood, people anticipated that and more bad stuff in the economy. the consumer confidence numbers showed that job prospects looked good, home buying intentions look good, a buoyancy to the consume they're wasn't there. >> wasn't there. >> face the debt ceiling. yeah. >> thank you, steve. >> sure. >> as always. if you want more on this special coverage that we have, the crisis is in a special section of our website, riseabove.cnbc.com, check it out. it has some terrific information, ty. >>> breaking news now from the bond market. two-year notes up for auction. you saw the results flash across the screen a few moments ago. rick santelli breaki
a little bit of sandy and a little bit of fiscal cliff in this 1.2 to 2.2, those are the forecasts i have seen so far. >> do you think perhaps the consumer is not reflecting the fiscal cliff issues because the last time, we keep going up to the edge of the cliff and then things get -- things get resolved? >> it's a good question. it strikes n s me that looking at the debt ceiling debate i think consequences were equally stark but more easily understood, people anticipated that and...
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Nov 27, 2012
11/12
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people recognize it. >> i just wonder if during hurricane sandy if mitt romney had said i really, really, appreciate what the president is doing at this time of crisis for our country. we support what he's doing, we support the people in new jersey and new york and new york city and also during foreign policy crises where there might have been some alignment if mitt romney had just said the president is doing the right thing or stayed out of the way might it have made a difference. because there are times that happens, they could actually agree. >> and mitt romney polled well when he talked about his ability to work across the aisle when he was governor of massachusetts. and i think that's message for what's going on in washington right now. people are tired of gridlock, tired of the endless ideological warfare, and hopefully that and the fact that the president's numbers are up, hopefully that helps moving into the negotiations about the fiscal cliff and all else. essentially the message in washington, we need to see a little bit of progress. >>> former governor jeb bush met yesterday w
people recognize it. >> i just wonder if during hurricane sandy if mitt romney had said i really, really, appreciate what the president is doing at this time of crisis for our country. we support what he's doing, we support the people in new jersey and new york and new york city and also during foreign policy crises where there might have been some alignment if mitt romney had just said the president is doing the right thing or stayed out of the way might it have made a difference....
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Nov 27, 2012
11/12
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CNBC
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deals thanks to manufacturer overruns, canceled orders, and the merchandise in the stores for hurricane sandy that didn't sell, that left retailers with much too much inventory in the northeast and it's dated inventory. third, ross stores is a big beneficiary from the collapse. yes, i do not use that word lightly, from jcpenney. it is now taking a huge share from the disorganized dysfunctional penney to the point where management called this out on the conference call as a source of strength. the other guys have been reluctant to do that. speaking of the conference call, company -- now that we're entering gift giving season, as a quarter of ross' merchandise is oriented around the home and recovery means they're selling a lot more furniture. ross stores is a shareholder friendly company. they do have a small dividend, okay? one that yields just 1%. the company's consistently increased that dividend. the stock has overrun it every year for the last 18 years. most recently, 27% boost back in january. beyond that, ross has brought back a huge amount of stocks since 2005. i was astonished to see
deals thanks to manufacturer overruns, canceled orders, and the merchandise in the stores for hurricane sandy that didn't sell, that left retailers with much too much inventory in the northeast and it's dated inventory. third, ross stores is a big beneficiary from the collapse. yes, i do not use that word lightly, from jcpenney. it is now taking a huge share from the disorganized dysfunctional penney to the point where management called this out on the conference call as a source of strength....
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Nov 27, 2012
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company that owns a crane that partially collapsed on a new york city luxury skyscraper during superstorm sandy. >>> fda has shut down the largest organic peanut processor in the country as part of its newest crackdown on salmonella poisoning. 31 people in 21 states, most of them children, were sickened by a peanut manufacturer there and sold by trader joe's. it's the first time it has used the new enforcement power it gained as part of an enforcement law. >>> do you remember this? >> i have no recollection of this whatsoever. did i miss the '90 s? >> "boy meets world." there is a "boy meets world" sequel, tweet from ben savage himself. aka corpsi and topanga have signed on to star in "girl meets world" will cain the only person in the world to knows anything about this. >> i would like to say that i'm young enough to remember this show in the '90s, but topanga, california. topanga. >> pop culture but a different world. >> we could talk about money. >> we could buy pop culture. at a whopping $425 million, tomorrow's powerball drawing is set to be the biggest jackpot in powerball history, the se
company that owns a crane that partially collapsed on a new york city luxury skyscraper during superstorm sandy. >>> fda has shut down the largest organic peanut processor in the country as part of its newest crackdown on salmonella poisoning. 31 people in 21 states, most of them children, were sickened by a peanut manufacturer there and sold by trader joe's. it's the first time it has used the new enforcement power it gained as part of an enforcement law. >>> do you remember...
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Nov 27, 2012
11/12
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some for weeks, after superstorm sandy. and some are now getting power bills that show normal usage. the long island power authority is assuring customers, don't worry, the next actual meter reading will reflect how much you've used, and they'll adjust your bill, and i'm telling you, there are some lipa customers right now who are outraged. after all they've been through. >> as well they should be. >> they are getting electricity bills reflecting normal usage, and for many of them it's been days, some of them it's been weeks with no power. and bring you up to speed on cyber monday. what's your best guess on what people were out there buying? >> i would have thought apple products? >> yeah. had to be electronics. >> a lot of question about electronics. monday sales up 28% from last year, according to the bench mark survey and the most searched-for items were amazon's kindle and kindle fire, uggs, ipads, the ipod touch, legos, and the wii. >> well, i like the legos. i mean, it's making a comeback. maybe children will actually
some for weeks, after superstorm sandy. and some are now getting power bills that show normal usage. the long island power authority is assuring customers, don't worry, the next actual meter reading will reflect how much you've used, and they'll adjust your bill, and i'm telling you, there are some lipa customers right now who are outraged. after all they've been through. >> as well they should be. >> they are getting electricity bills reflecting normal usage, and for many of them...
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Nov 27, 2012
11/12
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and demand for big ticket items is expected to drop 1.2% with some impact potentially from hurricane sandy. case shirl index. home prices expected to raise about 3% in september. and at 10:00, november consumer confidence. analysts expect a reading of 73 can would be up a point from last month. dallas fed president richard fisher and atlanta fed president deny this lockhart are both speaking in berlin. richard fisher expressing concern that the size of the monetary policy easing in the u.s. is abnormally large. of course you might argue the abnormal conditions warrant that. never the the less, we'll also look at earnings from adt and green blount continmountain. the greek deal is done. athens will receive its much needed bailout cash. >> our common goal is that greece achieve a credible and sustainable reduction reaching lower than 110% of gdp in 2022. we will consider further measures if necessary to achi e achieve. >> one of the key points, silvia is back with us from brussels. good morning. and there are so many points. which are the most significant? >> well, we knew there was a sort o
and demand for big ticket items is expected to drop 1.2% with some impact potentially from hurricane sandy. case shirl index. home prices expected to raise about 3% in september. and at 10:00, november consumer confidence. analysts expect a reading of 73 can would be up a point from last month. dallas fed president richard fisher and atlanta fed president deny this lockhart are both speaking in berlin. richard fisher expressing concern that the size of the monetary policy easing in the u.s. is...
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Nov 27, 2012
11/12
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the past 24 ors show christie's approval rating is skyrocketing thanks to his response to superstorm sandy. >>> three top cabinet spots up for grabs. who is in, who is out? pi bill clinton? patreaus for secretary of defense. a look at president obama's dream team. >>> a fast and furious settlement. who is paying the price for the botched gun running. >>> answering questions about managing student debt. >> hi there. we're talking about managing your student loans. with me this hour, greg olson and carmen wong ulrich. carmen, your question. >> i was wondering how i'm going to afford a minimum wage job with the student loan advise to pay for and i just graduated from college. >> i feel for her. >> wow, wow, wow. it's a stuff situation. here's the thing we've got to know what type of loans does she have. if she's got private loans she's in a big pickle. low flexibility, but call them right away. if your proact everybody you can try to work with them before you get into trouble. if she's got federal loans, there's the income based repayment program and she's got look into that. it's a part of y
the past 24 ors show christie's approval rating is skyrocketing thanks to his response to superstorm sandy. >>> three top cabinet spots up for grabs. who is in, who is out? pi bill clinton? patreaus for secretary of defense. a look at president obama's dream team. >>> a fast and furious settlement. who is paying the price for the botched gun running. >>> answering questions about managing student debt. >> hi there. we're talking about managing your student...
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Nov 27, 2012
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consumer column here and, simon, i think right now things are changing and we remain to see the effects of sandy on the data. >> let me return to this subject of why the consumer remains so strong. do you think the average american is aware of what the fiscal cliff is when you look at the numbers that watch television news or read newspapers and the degree to which they may not have spoken about that subject during the election campaign and most people thought by taxing rich we would solve problems we have in america and people have no idea that general low income americans have no idea i would suggest that the fiscal cliff is on its way. no wonder they are out there spending money. no wonder. >> i wouldn't make a distinction between what low income americans or high income americans know less than anyone around the scale. on the other hand, simon, it may be that people think they'll solve this problem and it's not going to affect them given the pledge by the president not to allow the tax increases and spending cuts to hit people $250,000 and below. that's a distinct possibility. i would also p
consumer column here and, simon, i think right now things are changing and we remain to see the effects of sandy on the data. >> let me return to this subject of why the consumer remains so strong. do you think the average american is aware of what the fiscal cliff is when you look at the numbers that watch television news or read newspapers and the degree to which they may not have spoken about that subject during the election campaign and most people thought by taxing rich we would...